Adult Business Merchant Account
With the emergence of OnlyFans and similar sites in recent years it has given influencers and the public the ability to create a revenue stream for themselves by selling content behind a protective paywall to their subscribers. This model of reaching a new audience and ultimately a payday has become very popular amongst the adult sector in particular as they take advantage of the OnlyFans payment solutions.
Whilst the OnlyFans model has exploded, the model of charging their content creators a fee of circa 20% has inevitably left a gap in the market for alternative providers to seize on this opportunity and create a rival brand that can provide the same service for less of a cut.
However – one common stumbling block that new providers come up against is obtaining a merchant account for an adult website as this is deemed to be “high risk” in the world of acquiring and payments.
With more traditional adult base businesses such as porn websites or even adult toys websites and shops struggling to obtain merchant services to enable them to take card payments due to acquirers not wanting to link themselves to this vertical through reputational management reasons, we at MWBS wanted to create an offering that would help the adult sector accept payments.
As the payments on any adult based website is vital for any success of the business it is important that the payments processor for your merchant account knows exactly what the business is doing at the point of application so that we can be safe in the knowledge that your adult business merchant account will not be terminated.
We can work with you to put together an application for your adult business merchant account and then work with you to progress the application through to getting you all set up and processing payments.
Modern World Business Solutions has a fantastic relationship with high-risk acquirers who will board adult businesses and this type of application is bread and butter for our high risk department.
We will work with you each step of the way and help you get everything in place to get your adult business all set up and accepting payments through your own merchant account.
But before you start with your adult payment application here are a few things you should know about your adults’ payments applications:
It will be a time-staking process! Please allow at least 4/6 weeks to get your application processed, there will be lots of back and forth collecting information to get you live. We need patience on this bit please as to get you live we need to put you through an underwriting process with the acquirer which takes a little while.
There will be a $500 registration into Mastercard for High Risk – this is payable by the merchant on top of any set up fees charged by MWBS.
You will need a business bank account to be open in the same legal name as your business – if you do not have one, we can help obtain you one, please take a look here.
You will be given a 10% rolling reserve on your account to start with – this means that the acquirer will retain 10% of your payments from your adult website business and pay you after 180 days, this money is held to settle any chargeback disputes your business might have.
Rates for your adult business might be a little higher than usual and they will be given as Interchange + a usual rate to expect would be between 3 and 8% depending on your business history.
A full document of what KYC is required to get your adult business accepting payments through Modern World is available here.
If you are a start-up adult business looking for payment solutions then you will need the following documents in place.
- Business plan
- Cash flow forecast
- Proof of funds
- All other KYC and KYB business documents
Be sure to check out that the website platform that you have is certified with the acquirer’s own gateway, you can check out the API documentation by looking at our ecommerce solutions here.
Modern World setup fee is only chargeable once you receive an offer letter from one of our acquiring banks.
Modern World Business Solutions are experts in adult payment processing and work with you to get set up with a merchant account for your business, if you would like a no obligation quotation then please get in contact by filling out the form below.
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